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Ekiti empowers 100 persons with disabilities after skills training

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Tag: Economy

Nigeria's inflation will fall to 21% in 2024 - Cardoso
Business

Ghana’s inflation rate drops to 23.2%

Ghana’s inflation rate fell to 23.2% in December 2023, a considerable decrease from the 26.4% reported in November 2023. According to Bloomberg, to battle inflation, the Bank of Ghana’s monetary policy committee kept the policy rate at 30% in November for the third time in a year. The continuous decrease in inflation data has fueled […]

HP acquires Humane’s assets for $116m, AI pin sales discontinued
News Tech

Humane lays off 4% staff before launch of AI pins

Hardware company, Humane, has declared that it would be laying off 10 workers, or 4% of its total staff. “As we begin this new chapter of Humane, going from stealth to customer facing, we are making some changes to best prepare us for continued growth,” CEO and co-founder Bethany Bongiorno wrote in a LinkedIn post. […]

LIRS sets January 31st deadline for filing tax returns
News

LIRS sets January 31st deadline for filing tax returns

The Lagos State Internal Revenue Service has set January 31st, 2023 as the deadline for businesses and individuals to file their annual tax filings. The chief of the LIRS’s Relationship Management Unit, Mojisola Aboyade-Cole, said this during an interview with Arise TV. According to her, businesses can file their tax returns online through the e-tax platform, as […]

X removes support for NFT profile images
News Tech

X removes support for NFT profile images

Microblogging platform X, formerly known as Twitter has quietly removed the feature that allowed users to select NFT as their profile image. This follows after Elon Musk’s X revealed a broad plan for the business in 2024 that included further AI-powered capabilities. Amidst all of this, the functionality was first introduced in January 2022 under […]

Elon Musk blames 'Supervillain-Level' cyberattack for X outage
Business

Elon Musk’s X to launch peer-to-peer payments in 2024

Social media company, X, has plans to launch a peer-to-peer payment system on the platform this year as part of Elon Musk’s efforts to make it into an ‘everything’ app. Musk has been outlining plans to alter the platform once known as Twitter since acquiring the company more than a year ago, including payments, creator tools, […]

FG approves Air Peace for direct Nigeria-Brazil flights
Aviation

Air Peace expands, begins Abidjan, Cotonou flights

One of Nigeria’s leading airlines, Air Peace, is set to start direct connectivity from its Lagos hub to Cotonou in Benin Republic and Abidjan in Ivory Coast on January 22, 2024. This will increasing the total number of regional destinations to ten in less than a decade of regular aircraft operations. This information was revealed in a news […]

Amazon's Twitch to lay off 500 employees
Business

Amazon’s Twitch to lay off 500 employees

Amazon.com Inc.’s live streaming network, Twitch, is apparently planning a large personnel reduction, with around 35% of its workers, or approximately 500 employees, estimated to be affected. The announcement of these losses came today, Wednesday, kicking off a sequence of job cuts within the company. According to sources, this decision followed concerns over Twitch’s financial losses and […]

Seedstars Africa raises $30m to fund African startups
News Tech

Seedstars Africa raises $30m to fund African startups

The European Investment Bank’s subsidiary, EIB Global, has committed $30 million in finance to Seedstars Africa Ventures. Following a $8 million investment, French private equity firm LBO France, the fund’s anchor investor, has made a fresh commitment. With a goal of raising between $80 million and $100 million, the fund will help seed and Series […]

Seven currencies greater than the US dollar
Economy News

Seven currencies greater than the US dollar

One of the most valued currencies in the world, the US dollar is the preferred lender for many nations looking to purchase US bonds denominated in dollars. Even though the USD is seen as a trustworthy currency, there are other currencies that perform better. This implies that the foreign currency has a value higher than […]

Cameroonian city ranked most expensive in Africa
News

Cameroonian city ranked most expensive in Africa

Living in African cities can be a genuine financial burden these days, owing to the recent increase in inflation. Everything is getting more expensive, from housing to groceries. According to one of the world’s leading data and research platforms, Numbeo, food and utilities, for example, have seen price increases. Numbeo reports that Douala, Cameroon is […]

Foreign flights fully booked despite naira scarcity
Aviation

Foreign flights fully booked despite naira scarcity

In a surprising turn of events, foreign flights from Nigeria are experiencing unprecedented demand and are reportedly fully booked, despite the prevailing scarcity of the naira and economic challenges facing the country. Most airlines serving the Lagos-London, Lagos-USA, and Lagos-Paris routes were fully booked for the festive season despite the high cost of tickets which keeps increasing. […]

Kenya overtakes Nigeria in start-up funding ranking
Business

Kenya overtakes Nigeria in start-up funding ranking

Alex Omenye Nigeria lost the top position for the most funded startups in Africa to Kenya. This development was contained in an analysis of the African startup funding in 2023 by a research outfit, ‘Africa: The Big Deal.’ The report stated that startups in the East African country attracted the largest amount of funding in […]

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